Venice Token (VVV) is 32.2× the size of River (RIVER) by market capitalisation. Over the past 30 days, VVV is ahead by 25.2 percentage points (RIVER -28.0% against VVV -2.8%). Their daily returns move barely together (correlation 0.22 across 32 shared trading days). Both have run at a similar volatility, around 165% annualised.
RIVERVVV
0.22over 32 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | RIVER | VVV |
|---|---|---|
| Max drawdown (400d) | -47.4% | -29.6% |
| Risk-adjusted return (90d) | -0.27 | 0.54 |
Relative strength over 90 days: VVV outperformed RIVER by 58.6% — measured on the RIVER/VVV ratio, so it holds regardless of market direction.